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Liberty Broadband Class C

429 hedge funds and large institutions have $11B invested in Liberty Broadband Class C in 2020 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 141 increasing their positions, 127 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 127

7% more funds holding in top 10

Funds holding in top 10: 2830 (+2)

0.83% less ownership

Funds ownership: 66.04%65.21% (-0.83%)

3% less first-time investments, than exits

New positions opened: 64 | Existing positions closed: 66

2% less funds holding

Funds holding: 437429 (-8)

13% less capital invested

Capital invested by funds: $12.7B → $11B (-$1.7B)

59% less call options, than puts

Call options by funds: $610K | Put options by funds: $1.49M

Holders
429
Holders Change
-8
Holders Change %
-1.83%
% of All Funds
9.45%
Holding in Top 10
30
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+7.14%
% of All Funds
0.66%
New
64
Increased
141
Reduced
127
Closed
66
Calls
$610K
Puts
$1.49M
Net Calls
-$880K
Net Calls Change
+$1.34M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
51
Bank of New York Mellon
New York
$45.8M +$1.43M +11,494 +3%
Charles Schwab
52
Charles Schwab
California
$44.1M +$658K +5,286 +1%
Royal Bank of Canada
53
Royal Bank of Canada
Ontario, Canada
$43.9M +$3.35M +26,951 +7%
UBS AM
54
UBS AM
Illinois
$43.8M -$30.6K -246 -0.1%
ICP
55
Ironvine Capital Partners
Nebraska
$41.6M +$3.49M +28,039 +8%
IP
56
Isomer Partners
New York
$38.8M +$1.87M +15,000 +4%
State of Wisconsin Investment Board
57
State of Wisconsin Investment Board
Wisconsin
$38M -$1.48M -11,899 -3%
Fidelity Investments
58
Fidelity Investments
Massachusetts
$34.2M +$5.06M +40,643 +15%
HAM
59
Harber Asset Management
North Carolina
$33.2M +$4.84M +38,904 +15%
PPA
60
Parametric Portfolio Associates
Washington
$31.1M +$1.4M +11,216 +4%
WCM
61
Wedge Capital Management
North Carolina
$30.8M +$19.4M +155,844 +127%
First Manhattan
62
First Manhattan
New York
$30.7M -$322K -2,589 -0.9%
RJA
63
Raymond James & Associates
Florida
$29.4M -$4.45M -35,740 -12%
GF
64
Gabelli Funds
New York
$29.4M +$62.2K +500 +0.2%
GI
65
GAMCO Investors
Connecticut
$29M -$2.39M -19,228 -7%
BNP Paribas Financial Markets
66
BNP Paribas Financial Markets
France
$28.6M +$24.8M +199,666 +343%
CLCM
67
Center Lake Capital Management
Florida
$28.5M +$16M +128,250 +99%
Renaissance Technologies
68
Renaissance Technologies
New York
$28.5M +$31.1M +250,200 +3,679%
SCP
69
Seizert Capital Partners
Michigan
$28.3M -$12.8M -103,182 -29%
Canada Pension Plan Investment Board
70
Canada Pension Plan Investment Board
Ontario, Canada
$23.2M -$3.31M -26,563 -11%
Capital International Investors
71
Capital International Investors
California
$21.8M +$24.5M +196,682 New
National Pension Service
72
National Pension Service
South Korea
$21.5M
SCI
73
S&CO Inc
Massachusetts
$21.2M -$2.49M -20,000 -9%
SCM
74
Segantii Capital Management
Hong Kong
$19.6M -$14M -112,826 -39%
HWCM
75
Hudson Way Capital Management
Texas
$19.5M +$15.4M +123,800 +235%

LBRDK Hedge Fund Activity: Q1 2020 in Review

429 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class C (LBRDK) for Q1 2020, worth a combined $11B — down 13% from $12.7B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of LBRDK and 64 opened new positions — a net loss of 2 holders — while 127 trimmed existing stakes and 141 added.

The largest buyer was Cat Rock Capital Management, opening a new position worth an estimated $194M. The largest seller was Coatue Management, cutting an estimated $400M.

  • 429 institutional investors held Liberty Broadband Class C (LBRDK) as of Q1 2020, down from 437 in Q4 2019.
  • Funds reported $11B of Liberty Broadband Class C stock for Q1 2020, down 13% quarter-over-quarter.
  • 64 funds opened new Liberty Broadband Class C positions in Q1 2020 and 66 closed out, a net change of -2 holders.
  • The largest Liberty Broadband Class C buyer in Q1 2020 was Cat Rock Capital Management, an estimated $194M added.
  • The largest Liberty Broadband Class C seller in Q1 2020 was Coatue Management, an estimated $400M sold.

Based on aggregated 13F filings for Q1 2020.